Average derivative estimation of hedonic price models

Junsoo Lee, Seung Jun Kwak, John A. List

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


Conventional parametric techniques for estimating hedonic price models require a correct functional form. In this paper, we side-step this parametric shortcoming by estimating a hedonic price model using average derivative estimation (ADE). This semiparametric approach produces robust estimates of the marginal effects without assuming a specific functional form a priori. In our application of the model to a unique data set on Korean home prices, ADE produced estimates consistent with prior expectations, providing initial evidence that the model may represent a viable alternative when using the hedonic approach.

Original languageEnglish
Pages (from-to)81-91
Number of pages11
JournalEnvironmental and Resource Economics
Issue number1
Publication statusPublished - 2000 May


  • Average derivative estimation
  • Hedonic price models
  • Semiparametric estimation

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law


Dive into the research topics of 'Average derivative estimation of hedonic price models'. Together they form a unique fingerprint.

Cite this